Prime Minister Narendra Modi decided to scrap 500-rupee and 1,000-rupee banknotes on Nov. 8 in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed.

Since coming to power in 2014, Modi has pledged to crack down on so-called black money with a series of new measures, including 10-year jail terms for evaders. (Reporting by Manoj Kumar; Editing by Malini Menon)